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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 18, 1952
Page
8
AP Business Editor L. A. Brophy reports that 1952 began with concerns but ended with a postwar boom. Total product and incomes reached new highs as unemployment fell and retail sales rebounded, aided by factory activity and aggressive selling. Eisenhower’s election boosted business sentiment, while economists differed on 1953 prospects and potential adjustments.
Laff-a-Day and Bank of the Manhattan Company economist warn of a possible low mood severe enough to require careful planning and programming. Roger L. Putnam counters with confidence that a recession is unlikely within 18 months, citing defense spending and near record private investment as inflation risks loom. The piece outlines 1952 GNP at $344 billion, national income at $287 billion, personal income at $266 billion, 1952 unemployment at 2.2 percent, and industrial production near postwar highs with dividends rising to $6.286 billion through October.
Cedar Rapids Iowa the Board of Supervisors will hear the proposal to establish a Secondary Road Assessment District at 8:00 p.m. January 6 1963 in the courthouse. The plan apportion costs at 56 percent with a total estimated cost of 6680 50. The schedule lists parcels and amounts to be assessed with many landowners named. Objections must be filed by 10:00 a.m. the hearing day.
Aetna Finance Co offers a Shopping Money Plan giving residents immediate 100 cash for holiday needs. Larger sums up to 300 available to cover bills or heavier expenses. Prompt phone service and easy arrangements promoted with emphasis on quick access to funds through the company office.
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